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Japan's unions win largest pay hike in more than three decadesLabor unions under the federation known as Rengo have so far secured a pay gain of 5.46% on average in ongoing annual wage negotiations, ac...- Yen’s wild swings are just a taste of what’s to comeThe plunge to 160 per dollar immediately filled news reports and social media across Japan. “We can’t let our guard down,” Iguchi called re...
- No lunch in Tokyo's upscale shopping arena: Japan's scaled-back spending & weak yen push economy to recessionJapan fell into recession due to declining consumer spending caused by pay cuts in the services sector. Weak yen currency increased the cos...
- Japan PM Fumio Kishida unveils $113 bn stimulus as poll numbers slumpJapanese Prime Minister Fumio Kishida has unveiled a stimulus package worth over $100 billion aimed at addressing rising inflation and bols...
- Asian manufacturing is surging on strong global goods demandThe data underline how demand for Asian exports is gaining from continued economic stimulus in countries such as the U.S., while vaccinatio...
- When the US sneezes, the world catches a cold. What happens when it has severe COVID-19?Officials from Mexico to Japan are already on edge. Exports have taken a hit in Germany, and Canada looks south warily knowing that any fur...
- BOJ to consider normalisation in next 5 yearsKuroda said the board would be debating and considering how to exit from its stimulus programme.
- Tokyo drafts record $1-tn budget as fiscal deficit deepensJapan Prime Minister Yukio Hatoyama unveiled a record budget of 92.3 trillion yen ($1 trillion) aimed at shifting spending toward Japan’s h...
- Fukui’s exit, Muto stalemate may leave BoJ aimlessUnder Fukui, the central bank in March 2006 ended a five- year policy of pumping cash into the economy and keeping interest rates near zero.
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